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Ivivi Health Adds $4M

San Francisco-based Ivivi Health Sciences, the maker of portable electrical stimulation devices for reducing post-operative pain and swelling, said today it has closed on a financing that will bring in $4 million in new capital and convert a $5.5 million bridge loan into an equity stake. The company said it plans to use the money to commercialize its device, develop it for new musculoskeletal uses, and to open a Ivivi Orthopedic Health subsidiary in Seattle.